Good man! repped you...medpal said:the difference is in the name itself :
air conditioner : it takes in air --> not only cools it but takes away humidity too --> some models have air filters which take away gross impurities too.
while coolers : as the name suggests it just cools the air by way of utilising temperature difference between air and water.
the biggest draw back of coolers is humidity they generate due to water and to have better effect if you keep room closed or keep airflow nearby you, you get yourself in trouble (it is as good as sleeping in light drizzle with table fan forcing air on you)
physiological reason of uncomfortable sleep with air coolers :
as the air thrown by coolers uses principal of evaporation it will be nearly 100% humid. while our body in sleep time extracts heat, water and excess salts by way of prespiration or sweat. this function gets hampered in humid air so you may not feel comfortable after sleep in aircooled area.
another danger is of aggravation of asthma in affected patients.
leaving human body aside, high humidity promotes corosion and condensation. these two words spell doom for electrical and eletronic equipments.
A/Cs take away upto 40-60% of relative humidity of ambient air that renders the atmosphere confortable.
Dudes how much does your electricity bill come to? for me i have a separate meter for the AC, and during the peak summer months, i got a bill of Rs.400-500..